Wealth Protection & Distribution

This includes a team specializes in wealth protection and wealth distribution with funding mechanism of life/general insurance products and estate planning tools with will, trust and legal. Professional advisories would include:

3.1 Guarantor Indemnity Plan

This tool is ideal for businessmen who have entered into personal guarantee when obtaining loans from financial institutions. A Guarantor Indemnity Planning is designed to ensure that the company will still be running in the event of the death of the guarantor, which is most likely the business owner most of the time. This compensation will be utilised to offset the existing outstanding banking facilities, which in turn will not jeopardise the operation of the company.

3.2 Mortgage insurance

When we buy our dream house with bank borrowing, bank or mortgage lenders suggest many borrowers purchase mortgage insurance to protect the lender if the borrower is unable to pay the mortgage in the event of death. In other words, mortgage insurance guarantees your lender will get paid if you default. For the borrower, it has an important benefit, getting mortgage insurance allows your family to have peace of mind upon the lender depart which mortgage insurance will have settled the mortgage loan and the family will own the debt-free property rather than having the property being auction for the debt as solution.

3.3 Keyman Compensation Plan

It is a basic Business Financial Planning tool for company’s key-person, the need to compensate an organization key-person and family, against the loss/diagnosis of dread diseases of key-person; wealth protection of demised beloved family and living partner/existing business value. In most event, key-person contribute the life time towards the development of the business entity, from the business infant stage towards the established business empire, with this planning, during the any mishap situation of the key-person, the compensation shall be payable to the key-person or the beneficiary(ies) for the key-person for their future living.

3.4 Business Succession Plan

This is a need solution for Partnership companies serving the purpose to void issues in the event of the loss of life or diagnosis of dread diseases of the share holder(s). Business Value Protection Planning is designed as an Exit Plan for shareholder(s) upon those mishap to determine the smooth Legal Procedures for, i) transfer of the business interest; ii) agreement of business value; iii) funding for buy-out; iv) events for a business owner to exit triggering the buy-out; v) distribution of sales proceeds.

3.5 Professional Value Plan

This plan is mainly catered for Professional with high value justified with his/her mind & time. The professional stream of income needed to be protected against the loss of time & mind (ability to perform the professionalism). Professional like doctors, who is respected for their reputed professionalism and commitments to society; but the value gone at the moment they lost the ability to perform the professional or demise. Thus, this is tailored for the need of professional income replacement.

3.6 Group Insurance

'Group insurance' is an insurance that covers a group of people, usually who are the members of societies, employees of a common employer, or professionals in a common group. Group coverage can help reduce the problem of adverse selection by creating a pool of people eligible to purchase insurance who belong to the group for reasons other than for the purposes of obtaining insurance. In other words, people belong to the group not because they possess some high-risk factor which makes them more apt to purchase insurance (thus increasing adverse selection); instead they are in the group for reasons unrelated to insurance, such as all working for a particular employer. The products include and not limited to :

  • Group term life
  • Group medical card
  • Group accidents

3.7 General Insurance

It is a basic tool for corporate risk transfer with general insurance tools and group insurance covering the risk of company asset, i.e. company building, machine or employees. When running business, unforeseen events are unavoidable. The best you can do is minimizing your losses when mishaps occur. We have designed a wide range of commercial insurance products to cater to your business needs.

Property insurance

  • Buildings (dwellings, factories, offices, shopping complexes, etc)
  • Stock (raw materials, finished goods, packaging materials, etc)
  • Contents (plant & machinery, furniture, fittings and fixtures, office equipment and tools, plans and documents, etc)
    (All the above are tangible assets belonging to the Insured or held in trust or for which the Insured is responsible. These assets are normally covered under material damage insurance. When a loss occurs, the earning power of the Insured can be interrupted. This earning income lost can be protected by a Consequential Loss Insurance.)

Marine insurance
Provides customized coverage that importers and exporters need.

Safeguard your buildings and protect the contents of your premises.

Covers you against loss or damage to the properties resulting from a forced entry or attempted entry.

Liability insurance
Under the Insurance Act 1996, liability risks must be insured with a licensed general insurer in Malaysia. The Act defines such liability being "liability of a person resident in Malaysia to a third party." A liability policy covers the legal liability of a person or corporation to pay compensation to others. The insured must be legally liable for the injury or damage. Liabilities that are covered under a liability policy can arise in tort, in contract or under statute.

3.8 Estate Planning

The purpose of probate is to establish clear title or ownership to your assets after your death. Before your estate can go to your children the probate court has to determine and settle your debts, establish clear title to everything you own and then distribute the estate according to your will or to the "intestate succession" statutes in local laws.

Thus, there is importance to have all asset well planned on who and how it is distributed and to avoid probate through the right and efficient mechanism.

  • Wills writing
  • Trust planning

About MQ MQ Services Contact MQ

Enquiry Mail
MQ Consultancy Sdn. Bhd. (842920-P)

MQ Capital Sdn. Bhd. (1093016-H)

    C-1-1, Sunway Business Park,
    Bandar Sunway,
    13700 Seberang Jaya, Penang.

    29A-3-5, Maritime Suite, Lebuh Sungai Pinang 5, 11600 Penang

    No.5-2, Jalan Puteri 1/6,
    Bandar Puteri Puchong,
    47100 Puchong, Selangor.

    17A, Jalan Kebudayaan 12,
    Taman Universiti,
    81300 Skudai, Johor.